BEDS4
BATHS
SQUARE FEET1,378
MLS#1533085
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONShawnee Park
NEIGHBORHOODChattanooga
Property Description
Investment opportunity with upcoming owner-occupant potential! This Chattanooga duplex features two 2-bedroom, 1-bath units with washer/dryer hookups and separate utility meters. Currently generating $1,900/month in rental income, with one long-term tenant in place since 2018.One unit is expected to become vacant this month, creating a limited opportunity for an owner-occupant to live in one side while collecting rental income from the other. Sellers plan to re-lease the vacant unit if a purchase contract is not secured, making this a great option for both investors and buyers interested in a house-hack opportunity.There will be a limited window for in person showings on the vacant side once tenant vacates at EOM.Recent improvements include updates to the water supply and waste lines since listing. Along with central HVAC, several vinyl windows, and carpet replaced in 2019.Property sits on a gently sloped lot on a quiet street with a shared fenced backyard.Please do not disturb tenants. Showing restrictions apply while occupied; contact listing agent for current availability and showing instructions.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: Central Air
Fuel Type: Electric
Heating: Central, Electric
Home Style: Contemporary
Lot Size: 0.30 Acres
Taxes: $2,261
Year Built: 1950
Units
Unit Type 1:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $950.00
Square Footage: 675
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $950.00
Square Footage: 675
Feature Descriptions
Appliances: Electric Range, Free-Standing Refrigerator
Common Amenities: None
Days on Site: 116
Exterior: Other
Exterior Amenities: None
Flooring: Carpet, Tile, Vinyl
Interior Amenities: Tub/shower Combo, Ceiling Fan(s), Entrance Foyer, Pantry
Laundry: Inside, In Kitchen
Lot: Gentle Sloping, Level, Sloped Down
Lot Dimensions: 80X163
Parcel #: 147o Q 020
Parking: Concrete, Driveway, Gravel, Off Street, Other
Patio/Porch: Covered, Porch - Covered
Tenant Pays: Electricity, Sewer, Water
Utilities: Electricity Connected, Sewer Connected, Water Connected
Windows: Insulated Windows
Local Schools
High School: Brainerd High
Middle School: Dalewood Middle
Elementary School: Woodmore Elementary
Listed By / Shown By
Listed By
Agency Name: Real Estate Partners Chattanooga LLC
Agency Phone: 423-362-8333
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: CARMLS
Estimate Your Payment
Estimated Payment
$ 827.79 per month $565.29 Principal & Interest $188.42 Property Tax $74.08 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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506 Hargraves Avenue | MLS# 1533085
This multi-family property located at 506 Hargraves Avenue, Chattanooga, TN 37411 is currently listed for sale with an asking price of $254,000. Search Chattanooga real estate on www.clhomes.com today.